RIL M-Cap Falls By Rs 24,216.53 Crore, TCS And HDFC Up

September 7, 2020 daknewsnetwork

RIL m-cap falls by Rs 24,216.53 crore, TCS and HDFC Bank’s M-cap increases. The market capitalization of eight of the country’s top-10 most valuable companies declined last week. The total market capitalization (M-cap) of these eight companies declined by Rs 1,11,799.05 lakh crore.

ICICI Bank and Reliance Industries Limited have recorded the biggest drop in market capitalization. Among the top-10 most valued companies in the country, only Tata Consultancy Services and HDFC Bank (HDFC Bank) have increased their M-cap in the last week.

The Bombay Stock Exchange Sensitive Index Sensex had lost 2.81 percent or 1,110.13 points last week. The decline was attributed to global selling and weak economic data. ICICI Bank’s M-cap declined by Rs 25,476.75 crore last week, bringing it to Rs 2,57,073.30 crore. Apart from this, RIL m-cap falls by Rs 24,216.53 crore to Rs 13,16,947.89 crore last week.

At the same time, HDFC’s M-cap fell by Rs 20,150.82 crore to Rs 3,17,321.63 crore last week, Kotak Mahindra Bank’s M-cap fell by Rs 17,642.8 crore to Rs 2,72,815.29 crore, ITC. M-cap of Rs. 10,951.21 crore fell to Rs. 2,29,667.79 crore; Infosys’ M-cap fell by Rs. 6,643.75 crore.

Hindustan Unilever’s M-cap fell by Rs 6,471.69 crore to Rs 4,99,186.72 crore. On the other hand, TCS’s M cap increased by Rs 19,756.31 crore last week, bringing it to Rs 8,59,202.29 crore. Apart from this, HDFC Bank’s M-cap has increased by Rs 2,641.5 crore to Rs 6,16,240.17 crore.

Reliance Industries continues to occupy the first position in the list of top-10 valued companies in the country. It was followed by TCS, HDFC Bank, Hindustan Unilever, Infosys, HDFC, Bharti Airtel, Kotak Mahindra Bank, ICICI Bank, and ITC respectively.

Meanwhile, The economy of other countries including India has derailed due to Corona. Unemployment has also increased as businesses and industries have stopped. In such a situation, Indian women have started moving to the stock market to meet the needs of the family and additional income.

The rapid growth of women, especially housewives, among those who open new Demat accounts is presenting a new picture of the retail segment of the market.

Shankar Valaya, director of Indian retail brokerage firm Sharekhan Bai BNP Paribas, said that the changed financial situation due to the lockdown allowed women to explore new investment options and increase their knowledge of the capital market.